Investor · New York, NY · Member since 2020 · 28 posts · 25 votes
Hi everyone,
I'm new to commercial multi-family and am trying to get a sense of the range in increase in Y1 property taxes on a multi-family property purchased. Is it between 10-25%, or could be as wide a 15-45%, or typically hovers around 30-35%, etc?
I realize areas are different, properties are different, but what would the general ballpark?
Saint Paul, MN · Member since 2016 · 31 posts · 20 votes
3y
It really depends on the location. Each state and country have their own unique tax structures, such as timing and frequency of property value assessments, % of market value assessed, tax percentage, etc. Most counties make that data available on their website, so that would be a good place to start.